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NORTHAM PLATINUM LIMITED - Operations resume at Northam's Zondereinde Mine

Release Date: 23/04/2013 16:20
Code(s): NHM
Wrap Text
Operations resume at Northam's Zondereinde Mine

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM
ISIN code: ZAE000030912
(“Northam” or “the company”)

OPERATIONS RESUME AT NORTHAM’S ZONDEREINDE MINE (“ZONDEREINDE”)



Northam management confirms that drilling operations resumed at Zondereinde this morning
Tuesday, 23 April 2013. This follows an agreement between management and the National
Union of Mineworkers (NUM) yesterday, Monday, 22 April 2013.


A Memorandum of Understanding signed between the two parties provides for the payment
of ‘return to work’ compensation comprising a once off ex gratia payment equivalent to 50%
of their basic wages for the duration of the strike period and R2000.


Total production losses amount to 16 000oz 3PGE+Au with a current value of approximately
R192 million.


Johannesburg
23 April 2013


Sponsor
One Capital

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